Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney's global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.

Most importantly to fans is the part about an Episode 7 in 2015 with nods to continuing series in various media. The responses I'm reading are optimistic, noting (as the article does) that Disney's acquisitions of Pixar and Marvel haven't sent the universe spinning off into the void. But they are thus far being cautious in their enthusiasm. Most folks seem gleeful that the Old Man has passed the torch.